The well has so far been drilled into the top of the Middle Jurassic geological horizon using the Bredford Dolphin semi-submersible H-3.
Elixir said well operator, DNO, would continue drilling the well to a planned total depth of 4000m before running wireline logs to fully evaluate the hydrocarbon potential of the deeper section.
The Jaguar prospect was interpreted as a large Upper Jurassic stratigraphic trap in Northern North Sea Block 211/22b (Licence P1067) north-east of the Cormorant North oil field. If it was hydrocarbon-bearing, Jaguar was expected to hold several hundred million barrels of recoverable oil reserves within several sandstones.
As previously announced, Elixir retains a 40% working interest in Block 211/22b, after DNO and Rocksource ASA contributed to the Jaguar well costs.
The licence holders in P1067 are now DNO (50% and operator), Elixir (40%) and Rocksource (10%).
